Lamarun means Lamarun Resources Inc., a company
incorporated and existing under the laws of the State of
Nevada;

1.2
Interpretation

In this Agreement, except as otherwise expressed or provided or
as the context otherwise requires:

(a)

the headings and captions are provided for convenience
only and will not form a part of this Agreement, and will not be used to
interpret, define or limit the scope, extent or intent of this Agreement
or any of its provisions; and

(b)

a reference to time or date is to the local time or date
in Toronto, Canada, unless specifically indicated
otherwise;

1.3 Amendment

No amendment, waiver, termination or variation of the terms,
conditions, warranties, covenants, agreements and undertakings set out herein
will be of any force or effect unless the same is reduced to writing duly
executed by all parties hereto in the same manner and with the same formality as
this Agreement is executed.

1.4 Waiver

No waiver of any of the provisions of this Agreement will
constitute a waiver of any other provision (whether or not similar) and no
waiver will constitute a continuing waiver unless otherwise expressly provided.

1.5 Schedules

The following Schedules are attached hereto and form a part
hereof:

Schedule

Subject

1

Description of Property

2

Claim Map

1.6

Currency

All dollar ($) references in this Agreement are to United
States dollars.

2. PURCHASE
AND SALE

2.1 Purchase and
Sale

Subject to the terms and conditions of this Agreement and based
on the representations and warranties contained in this Agreement, Lamarun
hereby offers to purchase the Property from the Vendor and the Vendor hereby
agrees to sell the Property to Lamarun.

2.2
Consideration

In consideration for the sale by the Vendor to Lamarun of the
Property, Lamarun will pay the Purchase Price for the Property to the Vendor on
the Closing date.

3.
REPRESENTATIONS AND WARRANTIES

3.1
Representations and Warranties of The Vendor

The Vendor represents and warrants to and in favour of the
Lamarun as follows and acknowledges that Lamarun is relying upon such
representations and warranties in consummating the transactions contemplated by
this Agreement:

(a)

This Agreement has been duly executed and delivered by
the Vendor and constitutes a valid and binding obligation of the Vendor in
accordance with its terms;

(b)

Schedules 1 and 2 hereto contain an accurate and complete
description of the Property;

(c)

No person has any agreement or option or any right or
privilege (whether by law, pre-emptive or contractual) capable of becoming
an agreement or option for the purchase from the Vendor of any interest in
the Property;

(d)

The entering into, execution, delivery and performance by
the Vendor of this Agreement will not violate or contravene or conflict
with or result in a breach of or default or give rise to any right of
termination, acceleration, cancellation or modification under any of the
terms and conditions of any contract, agreement, commitment, arrangement
or understanding pursuant to which the Vendor holds or has acquired its
interest in the Property or any other contract, agreement, commitment,
arrangement, understanding or restriction, written or oral, to which the
Vendor is a party or by which it is bound;

(e)

To the best of the knowledge of the Vendor after due
enquiry, there are no legal conflicts of any nature and no investigations
or legal or administrative affairs pending against the Vendor in
connection with the Property or for any other cause and there is no
pending or threatened decree, decision, sentence, injunction, order or
award of any court, arbitral tribunal or governmental authority or any
action, procedure, arbitration, administrative or judicial investigation,
actual or threatened, with respect to the Vendor or the
Property;

(f)

The Vendor holds all right, title and interest in and to
the Property, and the Property is free of any lien, claim, pledge,
privilege, levy, lease, sublease or rights of any person and other than
government royalties, government work requirements and other conditions
imposed by a governmental authority;

3.2
Representations and Warranties of Lamarun

Lamarun represents and warrants to and in favour of the Vendor
as follows and acknowledges that the Vendor are relying upon such
representations and warranties in consummating the transactions contemplated by
this Agreement:

(a)

Lamarun is a corporation duly incorporated and validly
subsisting and in good standing in the State of Nevada;

(b)

Lamarun has the corporate power and authority to enter
into this Agreement and to perform its obligations hereunder;

(c)

The execution and delivery of this Agreement and the
completion of the transactions contemplated herein will constitute a valid
and binding obligation of Lamarun enforceable against it in accordance
with its terms;

(d)

The entering into, execution, delivery and performance by
the Lamarun of this Agreement will not violate or contravene or conflict
with or result in a breach of or default or give rise to any right of
termination, acceleration, cancellation or modification under any of the
terms and conditions of any contract, agreement, commitment, arrangement,
understanding or restriction, written or oral, to which Lamarun is a party
or by which it is bound or under the constating documents or directors or
shareholders resolutions of Lamarun;

4.
CLOSING

4.1 Time and Place
of Closing

The closing (the Closing) of this Agreement will take place
at the offices of Lamarun at 2:00 p.m. (Toronto time) on May 16, 2008.

4.2 Closing
Documents

At Closing, the parties hereto will table the following
documents:

(a)

Documents of The Vendor: The Vendor will table for
delivery to Lamarun title transfer documents relating to the Property in a
form acceptable to Lamaruns legal counsel.

(b)

Documents of Lamarun. Lamarun will table for
delivery to the Vendor a certified check, or a check issued from an
attorneys trust account for $6,500 made payable to the Vendor or its
agents.

5.
TERMINATION

5.1 Mutual
Termination

This Agreement may, prior to Closing, be terminated by the
parties hereto by mutual agreement in writing notwithstanding anything contained
herein.

6.
GENERAL PROVISIONS

6.1 Time of
Essence

Time is and will be of the essence of each and every provision
of this Agreement.

6.2 Finders Fees
and Brokers Commission

Each of the parties hereto represents to the other that it has
not incurred any liability for any finders fee or brokers commission in
connection with the execution of this Agreement or the consummation of the
transactions contemplated herein.

6.3 Expenses

Lamarun will be responsible for all fees and expenses in
connection with the preparation, execution and delivery of this Agreement and
the preparation and completion of all other agreements, documents, approvals and
transactions contemplated by this Agreement.

6.4 Further
Assurances

Each of the parties hereto will, whether before or after
Closing and at the expense of Lamarun, execute and deliver all such further
documents and instruments, give all such further assurances, and do all such
acts and things as may reasonably be required to carry out the full intent and
meaning of this Agreement.

6.5 Entire
Agreement

This Agreement and the Schedule hereto contain the whole
agreement among the parties hereto in respect of the subject matter hereof and
supersedes and replaces all prior negotiations, communications and
correspondence between the parties hereto. There are no warranties,
representations, terms, conditions or collateral agreements, express or implied,
statutory or otherwise, among the Vendor and Lamarun other than as expressly set
forth in this Agreement and the Schedule hereto.

6.6 Enurement

This Agreement will enure to the benefit of and be binding upon
each of the parties hereto and their respective successors, liquidators and
permitted assigns.

6.7 Assignment

No party hereto may assign any of its right, title or interest
in, to or under this Agreement, nor will any such purported assignment be valid
amongst the parties hereto, except with the prior written consent of all parties
hereto, such consent not to be unreasonably withheld.

6.8 Governing
Law

This Agreement will be construed and interpreted in accordance
with the laws of the Province of Ontario, Canada and the laws of Canada
applicable therein. The parties hereto irrevocably attorn to the jurisdiction of
the arbitrators and courts of the Province of Ontario, Canada and the venue for
any actions or arbitrations arising out of this Agreement will be Toronto,
Ontario Canada.

6.9 Notices

All notices, payments, and other required communications
(Notices) to the parties hereto shall be in writing and shall be addressed
respectively as follows:

(a)

If to Lamarun:

Lamarun Resources Inc.

158 Torrancewood Drive,

Brampton, Ontario,

Canada I6Y 4K2

(b)

If to the Vendor:

Michael S. Schuss

10740 Fundy Drive,

Richmond, British Columbia,

Canada, V7E 5K7

All notices shall be given (i) by personal delivery to the
party by leaving a copy at the place specified for notice with a receptionist or
an apparently responsible individual, or (ii) by electronic facsimile
communication. All notices will be effective and will be deemed delivered (i) if
by personal delivery, on the date of delivery if delivered during normal
business hours and, if not delivered during normal business hours, on the next
business day following delivery, and (ii) if by electronic communication, on the
next business day following receipt of the electronic communication. A party
hereto may change its address for notice by notice to the other party.

6.10 Counterparts

This Agreement, and any certificates or other writing delivered
in connection herewith, may be executed in any number of counterparts with the
same effect as if all parties hereto had all signed the same documents, and
all such counterparts will be construed together and will constitute one and
the same instrument. The execution of this Agreement and any other writing by
any party hereto or thereto will not become effective until counterparts hereof
or thereof, as the case may be, have been executed by all the parties hereto
or thereto, and executed copies delivered to each party who is a party hereto
or thereto. Such delivery may be made by facsimile transmission of the execution
page or pages, hereof or thereof, to each of the other parties by the party
signing the particular counterpart, provided that forthwith after such facsimile
transmission, an originally executed execution page or pages is forwarded by
prepaid express courier to the other party by the party signing the particular
counterpart.

The parties hereto have executed and delivered this Agreement
as of the date first written above.

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